Lakers Owner Jerry BussHOSPITALIZEDFor Dehydration

7/10/2012 9:24 AM PDT UPDATED:7/10/2012 11:12 AM PDT

L.A. Lakers Owner Jerry Buss -- Hospitalized for Dehydration

EXCLUSIVE

Famed L.A. Lakers owner Jerry Buss was rushed to an L.A. hospital last night, where he was treated for severe dehydration -- Buss family sources tell TMZ.

According to sources, 78-year-old Buss fell ill at his home around 9pm and someone inside the house called 911. The L.A. City Fire Department responded and paramedics rushed Jerry to a local L.A. hospital.

Jerry is still being treated, but a rep for the Lakers says, "He is recovering and is expected to be released soon."